Rafale fighter jets to join IAF in two years, says Parrikar

Prime minister Modi had announced a deal to buy 36 fighter jets in Paris on Friday

GN Bureau | April 11, 2015


#Rafale fighter   #France   #Narendra Modi   #Francois Hollande   #Manohar Parrikar   #nuclear power  


Rafale fighter jets will be inducted in IAF in a span of two years. Defence minister Manohar Parrikar said on Saturday that French Rafale jet deal, announced by prime minister Narendra Modi on Friday in Paris is a great decision taken on the terms and conditions that are better.  India has finally broken the ice over the Rafale deal which has been pending for 17 years, said Parrikar

India will buy 36 fighter planes that are ready to fly, citing critical operational requirement of the IAF. The announcement was made by Modi at a joint news conference with French president Francois Hollande after their summit talks at Elysee palace. The deal is under the government to government agreement.

India and France were locked in negotiations for three years over the purchase of 126 Rafale fighter jets valued at $12 billion but has been bogged down over cost and Dassault Aviation's reluctance to stand guarantee for 108 planes to be made by Hindustan Aeronautics Limited in India.

Nuclear deal
An agreement on the stalled 10,000 MW nuclear project in Jaitapur in Maharashtra was among the 17 pacts signed after the talks between Modi and Hollande. The deal was signed between India's Larsen and Toubro and France's AREVA and it is aimed at cost reduction by increasing localisation.

Another pact related to Pre-engineering agreementsbetween NPCIL and AREVA in connection with studies that is intended to bring clarity on all technical aspects of the plant so that all parties (AREVA, ALSTOM and NPCIL) can firm up their price and optimise all provisions for risks still included at this stage in the costs of the project.

It will also enable transfer of technology and development of indigenous nuclear energy industry in India.

Other decisions include a scheme for expedited 48 hours visa issuance by France for Indian tourists.

France also announced an investment of about $1 billion in India as Modi invited French companies to pump in money in technology in the fastest growing economy.

Comments

 

Other News

Fewer and fewer parliament sittings

The winter session of parliament this year is going to be from December 15 to January 5, which will result in fewer sittings and impact legislative productivity. When parliament meets for a fewer days, it is bound to have an adverse impact on the work. The parliamentarians do get to spend mo

Indians most affected by global internet policies: Aruna Sundararajan

 People in India are most affected by global internet policies, said secretary, department of telecommunications, Aruna Sundararajan. Flagging the challenges of national governance, Sundararajan said on social media India has the largest number of users.   

Three killed as train derails in UP

Three passengers were killed and around a dozen sustained grievous injuries after nine coaches of Vasco Da Gama-Patna express derailed near Manikpur railway station in Uttar Pradesh on Friday morning. Similarly, 14 wagons of a goods train also jumped off the track near Cuttack in Odisha. 

Should Patidars of Gujarat be given reservation?

Should Patidars of Gujarat be given reservation?

Job market is currently experiencing structural change: Nathan

SV Nathan, partner and chief talent officer, Deloitte India spoke to Praggya Guptaa about the current job market situation and the upcoming opportunities in India. How would you assess the job market situation in India? If you look at the economy today

Are we seriously fighting malnutrition?

It did not surprise me when the India: health of the nation’s states, the India state-level disease burden initiative report released recently reported malnutrition the prime risk factor driving the most deaths and disability in Madhya Pradesh. Even in 1990 malnutrition was the frontrunner and after



Video

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter